Top Story


Home >> Marketing >> Article

Bhilwara Group to revamp textile biz — To sell Buddy Davis, expand Mayur range

Font Size   16
Bhilwara Group to revamp textile biz — To sell Buddy Davis, expand Mayur range

The LNJ Bhilwara Group has decided to restructure its branded textile business.

The group has decided to put its three-year-old leisurewear brand Buddy Davis on the block even as it will invest Rs 5 crore in expanding the Mayur Suitings range.

The group Chairman, Mr Ravi Jhunjhunwala, said the group had been unable to effectively market brand Buddy Davis, which had notched up sales of only Rs 15 crore last fiscal.

Launched in 2001 as the group's foray into casual wear and sold through the company's exclusive outlets, Buddy Davis was expected to rake in Rs 100 crore sales turnover over a five-year period.

"Buddy Davis had been launched as a leisure wear brand targeted at the youth but its sales performance has been disappointing. We have now decided to sell it, provided we get the right price," Mr Jhunjhunwala said.

The brand is owned by Maral Fashions, a division of the Bhilwara group's export-oriented unit Maral Overseas.

It comprises knitted shirts, t-shirts, trousers, jackets and sweaters, targeted at the lower premium end of the domestic casual wear market. It is at present sold through 22 exclusive outlets of the group across 20 cities.

Asked whether the group was in negotiations with any buyers for Buddy Davis, Mr Jhunjhunwala declined to comment. The group had bought this brand for about Rs 1 crore from Mayur Knits Private Ltd.

On Mayur Suitings, Mr Jhunjhunwala said the group was investing Rs 5 crore in setting up a manufacturing plant near Bangalore for exports of trousers and suits.

"We have been getting requests from overseas for the finished products under Mayur and the new plant will meet the increasing demand for this brand abroad," he said.

At present, the group has fabric production capacity of four million metres per annum for its twin suiting brands - Mayur and BSL.

Mr Jhunjhunwala said the group also sells a fashion brand called La Italia, which comprises trousers and suits for men.

The brand posted Rs 2-crore sales last fiscal but the group has no plans to include it in the present restructuring.

The LNJ Bhilwara Group posted a Rs 1,815-crore turnover last fiscal and has interests in hydro-power, yarn, textiles and graphite electrodes.


Kranti Gada joined the family business at Shemaroo in 2006 after a successful stint of over two years in marketing at Pepsi Co. She has been associated with the company for 12 years.

Exchange4media interacted with Jaspreet Chandok, Vice President and Head (Fashion) , IMG Reliance Pvt. Ltd on seamless brands integrations planned for Lakme Fashion Week, walking tall despite blazing trails like GST, demonetization and being a part of the larger cultural space

Their strategy to educate the consumers to make well informed decisions at all stages has worked out well.

Bobby Pawar, MD, CCO - South Asia, Publicis India, talks about his idea of chilling out

For their latest campaign ‘Peeoge toh Janoge’ (English translation: you’ll buy it if you taste it), Wagh Bakri and DDB Mudra gave Sakshi a new, rustic avatar.

Dabbawalas send some extra love along with dabbas to working professional across Mumbai

The Diamond Producers Association brings to life another rare moment as part of the ‘Real is Rare. Real is a Diamond' Campaign